Global Nurse Call System Market will explore robust size & growth during 2015-2020
Deerfield Beach, FL -- (SBWIRE) -- 09/20/2017 -- Zion Market Research has published a new report titled "Nurse Call System Market by Equipment Type (Nurse Call Buttons, Nurse Call Intercoms, Nurse Call Mobile Systems, and Nurse Call Integrated Communication Systems) by Communication Technology (Wired Communication Equipment and Wireless Communication Equipment) for Hospitals, OPD Clinics, Assisted Living Centers, and Ambulatory Services: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020". According to the report, the global nurse call system market was valued at around USD 600.0 million in 2014 and is expected to reach USD 1,600.0 million in 2020, growing at a CAGR of around 14.0% between 2015 and 2020.
The report covers forecast and analysis for the nurse call system market on a global and regional level. The study provides historic data of 2014 along with a forecast for 2015 to 2020 based revenue (USD Million). The study includes drivers and restraints for the nurse call system market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the nurse call system market on a global level.
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Nurse call system (NCS) which is widely used in healthcare institutions aims to give reliable services to the patients. Nurse call system provides immediate service to patients in the ward. This system generally installed nearby patient's bed that help the patient to generate alert nursing staff in case of any emergency. A nurse call system can be an audio or visual reminder via radio pagers, mobile phones or tablets. A nurse call system is very important and beneficial as it provides an efficient and effective tool for communication between patient and hospital staff in the case of emergency. Noiseless operation, automatic data logging, low voltage operations that avoid short circuit, pleasant annunciation and multiple call indications are some of the most important advantages of nurse call system. Geriatric patients need special attention of hospital staff and nurses round the clock.
Nurse call system market is mainly driven by growing geriatric population across the world and their increasing health issue. Technological advancement in healthcare telecommunication is driving demand for this market. Rising level of awareness among the hospital management regarding the importance of advanced technology has resulted into growing demand for nurse call systems across the world. Rapidly growing geriatric population and increasing number of healthcare facilities in emerging economies are also expected to trigger demand for nurse call systems during the forecast period. However, different government policies and regulations with respect to the manufacturing of nurse call system in different countries are expected to hold back the growth of nurse call system market in the years to come. Cost, scalability, flexibility, convenience in installation, etc. are some of the important buying criteria considered by end-users before installation.
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On the basis of equipment type, the nurse call systems market segmented into nurse call buttons, nurse call mobile systems, nurse call intercoms, and nurse call integrated communication systems. In 2014, nurse call integrated communication systems accounted for around 75% of the overall market, in terms of revenue. Due to increased use of mobile systems and growing need for advanced mobility and flexibility the demand for nurse call mobile systems is expected to grow at a rapid pace in the years to come.
Nurse call system market can also be segmented based on communication technology employed in a system. Wireless communication equipment and wired communication equipment are the two communication technologies used in nurse call system. Wired nurse call communication equipment accounted for the largest share of the nurse call system market in 2014. It accounted for significant share of the market. However, with rapid advancement is wireless technology, the demand for wireless nurse call systems is expected to exhibit robust growth in the years to come.
Hospitals, OPD clinics, assisted living centers, and ambulatory services are some of the major application markets for nurse call systems. Hospital applications segment was the largest segment of global nurse call system market and it accounted for more than 74% share of the entire market in 2014. Absorption of advanced technologies such as real-time location systems (RTLS) and electronic medical records (EMR) has enabled nurse call system providers to offer a comprehensive healthcare communication solution.
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North America was the leading regional market for nurse call system, which accounted for over 38% share of the total market in 2014. However, it is also expected to continue its dominance during the forecast period. The rapid pace of technological advancement and development of wireless communication equipments are propelling the growth of nurse call systems market in the region. North America is followed by Europe. Asia Pacific is expected to witness significant growth in the years to come. Latin America and Middle East & Africa are also expected to experience strong growth in nurse call systems market during the forecast period.
Ascom Holding AG, Rauland-Borg Corporation, Hill-Rom Holdings, Inc., Cornell Communications, Inc., Jeron Electronic Systems, Inc., Tyco SimplexGrinnell, TekTone Sound & Signal Mfg., Inc., Vigil Health Solutions, Inc., Critical Alert Systems, LLC, Stanley Healthcare, Azure Healthcare Limited are some of the key vendors in the market.
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